Tag Archives: profits

Pemex’s Oil-Refining Operations Lose Millions of Pesos per Hour

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By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations

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AMLO Blames Private Businesses for Price Increases

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By MARK LORENZANA President Andrés Manuel López Obrador (AMLO) on Wednesday, Sept. 7,  accused businessmen in Mexico of increasing their profits especially in times of crisis, claiming that the Mexican Treasury will now ask them for an explanation. In his Wednesday morning press conference, López Obrador said that private businesses should instead help control price increases. He specifically mentioned the

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